emission rights for all countries - the only logical and fair basis on which to allocate emissions entitlements and reduction commitments."
According to Julian Salt, a prominent insurance analyst, the insurance industry annually cycles $2.2 trillion, earned through its two main streams of business (life and non-life insurance cover), reinvesting this largely into fossil fuel related stocks, bonds and property.
Both the future energy path and the commercial path may be uniting, by switching from fossil fuel related investments to
According to Julian Salt, a prominent insurance analyst, the insurance industry annually cycles $2.2 trillion, earned through its two main streams of business (life and non-life insurance cover), reinvesting this largely into fossil fuel related stocks, bonds and property.
Both the future energy path and the commercial path may be uniting, by switching from fossil fuel related investments to
silicon based stocks. The latter encompass renewable energy, such as tidal, wind, solar, geothermal and biomass, which would provide the transition to a sustainable energy market. They are now technically viable and available.
According to Mr. Salt, the full transition, if begun now, could take 20 years to complete, but the impact of climate change is being too strongly felt by the insurance industry for it to ignore the mounting rise of claims due to natural disasters.
These claims are increasing and according to an
According to Mr. Salt, the full transition, if begun now, could take 20 years to complete, but the impact of climate change is being too strongly felt by the insurance industry for it to ignore the mounting rise of claims due to natural disasters.
These claims are increasing and according to an
Association of British Insurers' statistical analysis, they have doubled or tripled in some years, such as 1987 and 1990.
The question is, if this continues, what will the annual claims bill be by the year 2020, unless preventive measures for climate change are agreed upon, by both the political and commercial worlds.
Fossil fuel related stocks are beginning to be perceived as old-economy stocks, by many in the financial sector. The new economy of ethically sustainable and renewable technology stocks may be obvious to many insurers who
The question is, if this continues, what will the annual claims bill be by the year 2020, unless preventive measures for climate change are agreed upon, by both the political and commercial worlds.
Fossil fuel related stocks are beginning to be perceived as old-economy stocks, by many in the financial sector. The new economy of ethically sustainable and renewable technology stocks may be obvious to many insurers who